MBA in India: Top Colleges, Fees, Placement, Eligibility and More

Top MBA Colleges in India: Whenever we talk about Top management colleges in India then, the first name which goes through our mind is IIMs (Indian Institute of Management), whether it is from Ahmedabad, Bangalore, Calcutta, or any other state of India they are always hot favourites among the aspirants who had a dream in their eyes to be a part of it. If you search about Top MBA Colleges in India, then you will find at least 6 colleges from IIMs in the top 10 categories. And as per the NIRF 2021 ranking, we have seen some strange entries among the Top MBA colleges, and they are the Indian Institute of Technology.

This year IIT Delhi was placed in 5th Spot dethroning IIT Kharagpur to 9th Spot in the NIRF ranking, whereas 5 other IITs also made their presence in the list of top 15. You need to know that IIT College was always preferred for the technology program, but now they are doing well in management courses too. So if you are among the aspirants who have qualified for their CAT/XAT/MAT or any other entrance examination for management courses, then do not forget to keep such colleges on your preference list.

About MBA (Master of Business Administration)

Master of Business Administration (MBA) is one of the hottest courses among those who are looking for a Post Graduate program, and the good thing about the MBA program is that it doesn't care the background you came from, whether it is Science, Commerce or any other but to pursue the course it just required your communication skills, leadership quality, how you act swiftly, management skills, ability to handle pressure, and your mindset. Not only freshers students but also those students who have completed their bachelor's degree or have any kind of experience can also opt for a full-time MBA.

MBA Specialization

There are some specializations in the MBA program which students can prefer, and some of them are given below:

• Finance
• Human Resource
• Marketing
• Information Business
• Digital Marketing
• Logistics & Supply Chain Management
• International Business
• Business Analytics
• Retail management
• Agri-Business Management
• Banking and Insurance
• Hospitality management
• Branding & Advertisement
• Event Management and PR

MBA Placement Department

After completing an MBA, students can go for the following posts in several companies according to their specialization:

• Finance Manager
• Operation Manager
• Data Analytics Manager
• Digital Marketing Manager
• Marketing Manager
• Sales Manager
• Advertising Sales Manager
• NGO Manager
• Human resources Manager
• Product Manager and many others.

Why should Students prefer TOP MBA Colleges in India?

Whenever a students looking for a college to get admission to, he/she has a few points which they always looking for in their dream college that can tick all the checkboxes. But if you are looking for a top-notch MBA college, then for a second, you need to keep aside the fee checkbox because good things always carry a high price tag.

Below we have shared some points of view from students who always look out for their dream college.

• One is institutions have the best faculty
• Having a World-class infrastructure
• Where students get to know how they can improve their leadership skills.
• Faculty can inculcate knowledge and may be able to develop & sharpen their creativity and innovation.
• Such institutions produce industry-ready graduates who have the qualities of social responsibility, can handle the extreme pressure and can lead a team easily.
• Where students can improve their local and global business domain.
• Where students are ready to explore their world of juncture with their specialized, enriched academic offerings, diverse culture, and a learning environment that empowers them to achieve what they desire and looking for.
• And the most important thing is job placement after the completion of their course because campus selection is one of the important sections of any college.

Top MBA Colleges in India (based on NIRF Ranking)

When we talk about the top 10 MBA colleges in India then, we need to filter so many colleges, and seriously that's not our cup of tea because it takes lots of research and parameter in which all such colleges need to be tested, but you do not need to worry because this uphill task has been done easily by the National Institutional of Ranking Framework. They have some predefined parameters and based on such parameters, every listed college was tested, and one who stands tall at all parameters will be declared as a topper of the list.

So let's move to the list of Top MBA colleges in India.

TOP Private MBA Colleges in India

Apart from the top 10 MBA colleges in India below, we have piled up the list of some top Private MBA colleges in India, and believe us, and they are not so far behind from IIMs. They are equally reputed as the IIMs are. You just need to pull down your cursor to check the list of colleges:

Other Popular MBA Colleges in India

We know it's not ‘everyone's cup of teato get admission into top MBA colleges of India, and if you can't make it through to top colleges, then don't be disheartened because there are many other colleges too, that is equivalent to them in many ways, and among the number of colleges that are offering MBA courses, we had strained down some MBA colleges, especially for you which are equally popular as the IIMs are.

Top MBA Colleges in India Statewise

In India, there are a lot of colleges providing MBA courses to students with excellent learning methods and infrastructure for the development of students for an academician to a very fine entrepreneur. The states which provide excellent MBA courses with their top colleges are:

MBA Colleges in Andhra Pradesh

Andhra Pradesh is the fourth largest city in India, with its capital “Hyderabad” being the education hub for students. MBA Colleges offer an MBA Degree & PGDM Diploma Course in Andhra Pradesh. Some of the top MBA colleges in Andhra Pradesh are IBS, Hyderabad, National Institute of Agricultural Extension Management, and National Institute of Technology, Warangal (NIT-W). Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Assam

It is located in the northeastern part of India, with exotic scenes and locations. This state has been overwhelmed all by its teaching system in the MBA courses. The two cities, Dispur and Guwahati are the hubs for its education system. It has some of the finest institutes for the course such as GCIM, Assam University, Don Bosco University and many more. Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Gujarat:

MBA courses offered in Gujarat are PGDM and MBA degrees. This state has some of the finest institutes of MBA courses in India, such as IIM-Ahmedabad, M.S.University, Om Institute of Business & Technology (OIBT), Royale Business School (RBS), Department of Management Studies, Nirma Institute of Management, Sevantilal Kantilal School of Business Management (SSBM) etc., Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Haryana:

MBA courses offered in Haryana are PGDM and MBA degrees. This state has some of the finest institutes of MBA courses in India, such as Indo Global Colleges, IBMR Business Schools, Skyline Education Group, Europe Asia Business School (EABS), Guru Gram Institute of Aeronautical Engineering & Technology etc. Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Karnataka:

MBA courses offered in Karnataka are PGDM and MBA degrees. Bangalore is the education hub for this state, where students from different states and countries study together. This state has some of the finest institutes of MBA courses in India, such as IIM-Bangalore, XIME-Bangalore, NIT-Surathkal, Institute of Business Management & Technology (IBMT), SDM Institute of Management Development, IFIM Business School, Acharya Institute of Management and Sciences (AIMS), etc., Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT, XAT etc.,

MBA Colleges in Kerala:

MBA courses offered in Kerala are PGDM and MBA degrees. This state has some of the finest institutes of MBA courses in India, such as IIM – Kozhikode, Rajagiri Centre for Business Studies (RCBS), SCMS School of Technology and Management (SSTM), Albertian Institute of Management (AIM), SCMS School of Communication and Management Studies, Kochi International Business School etc., Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Madhya Pradesh:

MBA courses offered in Madhya Pradesh are PGDM and MBA degrees. The largest city here is Mumbai which is the house of many Head offices of reputed organizations, hence this being the largest education hub in India. This state has some of the finest institutes of MBA courses in India, such as IIM – Indore, Prestige Institute of Management and Research, Indian Institute of Forest Management (IIFM), Maulana Azad National Institute of Technology, Bhopal (MANIT-B), IITTM etc., Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Maharashtra:

MBA courses offered in Maharashtra are PGDM and MBA degrees. The largest city here is Mumbai which is the house of many Head offices to reputed organizations, hence this being the biggest education hub in India. This state has some of the finest institutes of MBA courses in India, such as IIM-Mumbai, Jamnalal Bajaj Institute of Management Studies (JBIMS), SP Jain Institute of Management and Research, Symbiosis Institute of Business Management, Welingkars Institute of Management (We School), National Institute of Industrial Engineering (NITIE), NMIMS University, etc., Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Odisha:

MBA courses offered in Odisha are PGDM and MBA degrees. This state has some of the finest institutes of MBA courses in India, such as Xavier Institute of Management, BRM Institute of Management and Information Technology, Regional College of Management (RCM), Asian School of Business Management, KIIT School of Management etc., Admissions to these colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT, XAT etc.,

MBA Colleges in Punjab :

There are lots of MBA colleges which provide PGDM and MBA courses. Some of the top MBA colleges in Punjab are Gian Jyoti Institute of Management And Technology, Aryans Group of Colleges (AGC), LPU, Swami Vivekanand Business School (SVBS), Panjab University – University Institute of Applied Management Sciences (UIAMS), GNDU, University Business School, Panjab University etc. Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

MBA Colleges in Goa:

MBA courses offered in Goa are PGDM and MBA degrees. This state has some of the finest institutes of MBA courses in India, such as Goa Institute of Management, SSIMS, GUD of Management Studies, and National Institute of Construction Management etc., Admission to these top colleges is done through the rank card of the entrance exam like CAT, MAT, ATMA, SNAP, AIMAT etc.,

Top 20 MBA Colleges in India

India is sprawling with quality MBA colleges, but some are better than others in a few aspects. When choosing an MBA college, there are a few parameters that you should keep in mind, which include its reputation, the alumni network, the faculty, and of course, the corporate connection it has. We have categorized India's top MBA Colleges into six clusters based on the above-mentioned parameters, which will help you select the ideal B-school that you want to target as your MBA destination. As we all know, there is no dearth of MBA Colleges in India, but for this list, we have chosen only the most progressive and most reputed colleges in the country.

Top MBA colleges in India Based on the MHRD-NIRF rankings for 2021. IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIM Indore are among the top five. Other B-Schools that are popular are XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management along with IIT Indore. Department of Management Studies of IITs. They are as most prestigious MBA schools within India in the NIRF along with other surveys of B-schools carried out through India Today, Outlook, and Business Today.

Among the top MBA institutions in India, a handful are consistently regarded as the finest in the world. For example, the ISB was placed fifth in Bloomberg Businessweek's Asia-Pacific B-Schools ranking 2021, whereas IIM Bangalore was ranked sixth.

The current Financial Times Masters in Management (MiM) Rankings 2021 place IIM Ahmedabad, IIM Bangalore, and SPJIMR among the world's top 50 institutes. IIM Ahmedabad is ranked 26th, SPJIMR is ranked 39th, and IIM Bangalore is ranked 47th.

MBA in India – Top 10 colleges in 2022.

Top MBA Colleges in India 2022. IIM Bangalore. IIM Calcutta. India School of Business (ISB) IIM Lucknow. Faculty of Management Studies – Delhi University. SPJIMR Mumbai. XLRI Jamshedpur. IIM Indore. MDI – Gurgaon. IIM Ahmedabad. MBA, as well as PGDM from the top business schools, are programs which have the best ROI when we think about professional education all over the world. Achieving an MBA degree from an elite business school is the dream of each student.

IIM Ahmedabad, IIM-Bangalore, IIM Calcutta are ranked among the top three MBA schools in India according to a variety of factors in almost all rankings, but the cost structure of these top MBA schools are extremely extravagant, almost 23 lakhs for the program. However, the FMS (Faculty of Management Studies DU) is among the best MBA schools in India with a fee structures as little as. 200k with a higher ROI than many of the IIMs.

Best MBA colleges in India without cat

There are however a few top MBA schools in India that accept applicants regardless of whether they've attended the CAT exam or not. Here's the list of the most prestigious MBA institutions in India which do not accept the score of the CAT:

XLRI, Jamshedpur

XLRI provides Post Graduate Diploma in Management in fields such as Business Human Resource and General Management. XLRI examines applicants based by Xavier Aptitude Test (XAT) scores. Candidates are also required to write an essay in 20 minutes after having completed the aptitude test. If they are chosen based on their XAT scores they must appear for the exam in either PI or GD, or both, based on the PGDM area they been selected for.

NMIMS

Narsee Monjee Institute of Management Studies is among the most prestigious MBA universities in India. It provides MBA with specializations in Pharmaceutical Management, Capital Market, Banking, Human Resource and more. In order to be accepted into NMIMS applicants must pass the NMAT. Candidates can also attempt NMAT three times to boost their scores. NMAT doesn't include negative checking. The merit list for the last time is reviewed with regard to what is the NMAT score, written test scores (as material) Personal Interview, Group Discussion (as appropriate), Presentation (as necessary) and work experience.

Symbiosis International University

Symbiosis International University has 11 schools that are spread across Pune, Bengaluru, Nashik, Hyderabad and Noida. The schools offer MBA programs that focus on Marketing, Human resources, Finance and Operations. In order to be admitted admission into Symbiosis universities, applicants must take the SNAP Exam. After applicants are selected by their SNAP score they are required to appear for GD and PI.

MICA, Ahmedabad

Mudra Institute of Communication, Ahmedabad provides PGDM in Communications and the Fellows Program for Management Communications, and a variety of different Post Certificate programs. Candidates who want to gain admission into MICA must pass either CAT, GMAT, or XAT in addition to MICAT. MICAT is a test for students who are in areas such as Divergent Thinking Abilities and Written Communication Abilities and general Awareness regarding current business and social issues and areas that relate to the media, promotion or promoting current projects as well as the Analytical as well as Verbal Abilities.

IIFT

IIFT was established by The Government of India in 1963. It is among the top MBA institutions in India and has a leading course for International Business. IIFT operates its offices located in Delhi in addition to Kolkata. It provides the MBA training course that focuses on International Business. The test has an amazing General Knowledge area, which has about 26 questions. After passing the IIFT test, students are selected to write an exposition based on which they have been shortlisted in the GD and PI areas. GD and for PI.

Eligibility Criteria for Admission in MBA Program

To get admission to a top-class B school you need to first clear one of the entrance exams on behalf of which university grant admission in their colleges if you qualified it successfully. There are so many entrance examinations for MBA but CAT is the only examination that is so popular among the colleges, that's why around 6000+ colleges in India grant admission based on CAT scorecard.

But there are some other entrance examinations too, on behalf of which college grants admission but they are limited to few colleges so before making any preference of colleges you need to check that on grounds of which entrance exam that college is offering admission in MBA.

Below we have mentioned a list of entrance examinations which on clearing students can get admission to the MBA program.

• CAT
• XAT
• GMAT
• CMAT
• MAT
• NMAT
• ATMA
• MAH CET
• SNAP
• IBSAT

MBA Course Fee in India

If you opt for top MBA colleges in India then definitely ‘it will cost you an arm and a leg just joking but yes the course fee in such top-notch colleges is comparatively higher as compared to other colleges and if we roughly estimate MBA course fee in India for an above-average college then it may cost you somewhere between 10 to 25 lakhs.

Have a look at the fee structure of top colleges:

The Highest Paying Cities for MBA Graduates

Now, finally, for the moment that you have been waiting. In this section, we will be talking about the best cities for MBA graduates in India. Those cities are mentioned below.

Gurgaon, Haryana

Gurgaon or Gurugram is a sprawling city that is located just southwest of Delhi. This city is widely regarded as being the technological and financial hub of North India. This city has almost everything to please everyone, irrespective of their taste.

Because of all these reasons, it should not be surprising that Gurgaon offers some of the highest salary packages to MBA graduates. One can easily make INR 750,000 in this city making it one of the highest paying cities for MBA graduates.

Bangalore, Karnataka

When there is any discussion about the highest paying cities for MBA graduates, then the list can never be complete without mentioning Bangalore. Bangalore is a beautiful city that is also known as Bengaluru. It is rightly called the centre of India's high-tech industry.

Many professionals also refer to this city as being the Silicon Valley of India. Finding a great for incredible talent is not that difficult. And MBA graduates can get an average salary of INR 730,000 making it one of the highest paying cities for MBA graduates.

Mumbai, Maharashtra

Mumbai is often called the city of dreams. And if your dream was always to become a management specialist, then this city can fulfil that dream too. In Mumbai, management experts can make around INR 732,000 making it one of the highest paying cities for MBA graduates. There are a lot of sectors that one can get into. Further, the work environment in the organizations located in Mumbai is also quite exceptional.

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Delhi

Delhi is the capital city of India, and it is a humongous metropolitan area. Many claims that if you can't find something in Delhi, then the chances are that you will never find it anywhere else in India either.

Delhi has a lot to offer. And if you are an MBA graduate, then this city can offer pretty irresistible salary packages. A management student fresh out of college can easily find a job with an average pay of INR 690,000 making it one of the highest paying cities for MBA graduates.

Chennai, Tamil Nadu

Chennai is widely known as the capital city of the state of Tamil Nadu. This city is home to a lot of religious and cultural sites. This should not be surprising as it has a rich heritage. The salaries for MBA graduates are also quite good in this city. And one can make around INR 600,000 making it one of the highest paying cities for MBA graduates.

Pune, Maharashtra

Pune is a gem of a city that is located in Maharashtra. This city has a number of historical monuments and can provide anybody with an exciting life. Working in Pune is often a dream for many. Thankfully, if you are one of those people, then you can make this dream come true while making good money. The average salary for MBA graduates in Pune is INR 620,000.

Salaries of MBA Graduates based on their Specialization

As we have mentioned before, there are many specializations that one can do along with his or her MBA degree. Hence, the total salary can differ quite a lot. However, we have created a list that could provide you with a general estimate of how much one can make in the best cities for MBA graduates based on the specialization. The list is mentioned below.

MBA in Finance

If a student finished his or her MBA degree with a specialization in finance, then he or she can pick from multiple industries. Some of those industries are corporate banking, credit risk management, corporate finance, asset management, private equity, hedge fund management, sales and trading, and treasury.

All of these industries provide an average salary of INR 678,000 to MBA finance graduates. This salary will increase as one grows in terms of expertise, knowledge, and experience.

MBA in Business Analytics

As an MBA graduate with a specialization in business analytics, one can find a stable job in sectors like healthcare, financial institutions, e-commerce, and information technology. All of these sectors exist in some of the highest paying cities for MBA graduates.

MBA in Marketing

Completing an MBA in marketing also opens up a lot of options and roads. One can choose from a number of different sectors to work in. For example, some of the most popular sectors for an MBA in marketing graduates are online marketing, business marketing, analytical marketing, competitive marketing, customer relationship marketing, retail marketing, brand and product management, and advertising management.

According to sources, it has also been observed that people in this domain tend to get promoted quickly. There are a lot of opportunities to grow. And one can easily make around INR 752,000 in some of the best cities for MBA graduates as a fresher with almost zero formal experience

MBA in Resource Management

In the last few years, the job profile of an HR manager or Human Resource Manager has gained a lot of popularity. This has been for all the right reasons. In this day and age, a human resource manager can easily find great career opportunities in sectors like law firms, IT companies, newspapers, media houses, advertising, and retail organizations.

According to various sources, an MBA graduate with a resource management specialization can easily draw a salary of INR 603,000 right out of college. This salary will increase as one gains more experience. Experienced human resource managers can easily make around 10,000,00 or more.

MBA in Operation Management

Completing an operation management specialization can often fetch great salary packages for individuals working in some of the best cities for MBA graduates in India. Some of the sectors in which one can work are logistics, transportation, retail, manufacturing, hospitality, financial institutions, construction, information technology, and management consulting.

Also, the average salary that a student can get after completing this degree is around INR 802,000. One can also work overseas and climb the ladders of his or her successful career.

MBA in Management Consultant

Working as a management consultant can be very exciting and rewarding, as this role can have multiple profiles. One would usually have to interact with customers and other professionals from several different backgrounds.

This job profile would be best suited for individuals who are confident and great decision-makers. The average salary for an individual with this degree is INR 1,144,591. This is quite impressive.

MBA in International Business

A student with this degree won't just have access to incredible opportunities for working in some of the best cities for MBA graduates in India. But they can also work in international offices and make their country proud.

Students with an MBA in international business often are amazing business planners. They can quickly get a job with an average of around INR 788,000. Further, there are a lot of opportunities to grow and break the ceiling.

Apart from these specializations, there are also many other majors that one can take to get access to a fantastic career.

The Conclusion

These are the top highest paying cities for MBA. Getting an MBA degree can be challenging but also fun. However, the real journey starts when one steps into the professional world. Thankfully, if a student chose to pursue an MBA degree, then he or she would have limitless options.

If one is willing to relocate, then what is better than going to a city where you can learn about their customs, culture, and values while also having a great career? We will say goodbye for today by leaving you to these thoughts. Until next happy, happy job hunting.

FAQ's

Q1. How should know about the Top MBA college in India?

To get the list of Top MBA Colleges in India you can go through the NIRF ranking or it can also be checked from this article.

Q2. How many colleges are there in India which are offering MBA courses?

More than 6000+ colleges are there that are offering MBA programs.

Q3. How one should get admission to the Top MBA college of India?

For this, you have to first clear the entrance examination because on qualifying for this entrance examination you will be considered for admission in any college whereas you also need to fulfill other criteria for admission whose details can be collected from the college website.

Q4. According to NIRF Ranking which college top the chart in management courses?

Indian Institute of Ahmedabad is leading the table chart in NIRF 2020 ranking.

Q5. Which is the top MBA college in India?

The top MBA college in India as per the latest NIRF rankings is IIM Ahmedabad. It is followed by IIM Bangalore on Number 2, IIM Calcutta on Number 3, IIM Lucknow on Number 4 and IIT-Delhi-DoMS on Number 5.

Q6.Between a private and a government college for MBA, which is better?

Any MBA college which is UGC recognised and AICTE is approved is good, because they offer the latest curriculum. However, between private and government colleges, it is upto the candidate to decided which MBA college to choose. While private institutions have better infrastructure, government institutions charge low fees.

Q7. What is the average fees of MBA in India?

The average fee for MBA in India is INR 10 lakh per annum. The fee for MBA in India will vary from college to college.

Q8. Does MBA have 100 percent placement?

Many MBA colleges give 100% placement opportunities. But, good packages are offered in the below-mentioned colleges.

Q9. Do MBA students get placements?

MBA placements season is on and top IIMs and other top B-schools such as IIFT, FMS, MDI, SPJIMR, IMI, JBIMS, SIBM, etc. have already concluded their final placement process for the outgoing batch (2020-22) with encouraging results.

The Top MBA colleges In India State Wise provide Online MBA, Regular MBA, and Distance MBA programs. There are more than 4736 top MBA colleges in India, with 710 being government MBA colleges in India and 3969 being the best private MBA colleges in India.